If you're hitting fuel cut that means lots of air is going through the AFM, which might mean you're running lean, making more power than normal which is dangerous. I'd at least recommend getting an SAFC and a quick dyno tune, and get a wideband later if you're tight for cash. My car was very reliable for years at 15psi on my 57 trim and a basic dyno tune with SAFC.
My old 57 trim did 350 at 15psi and 393 at 20 on 104 race fuel. It really runs out of steam above 15psi. 15, 16, or 17psi all felt the same on my old setup.